A study on impact of FIIs and DIIs on the Indian stock market NSE Nifty
Prateek Kumar Bansal, Dr. PV Rao
Investment can be done by different institutions one is Foreign Institutional Investors (FIIs) and Domestic institutional investors (DIIs). There are a lots of study has been conducted already in the area of Foreign investors but very few study was conducted for the domestic investors. In this present study the relationship among investors (FIIs and DIIs) and stock market (NSE Nifty) tried to examine. To examine the relationship daily data has been collected from April 2007 to April 2018 by using the various tools like descriptive analysis, correlation, vector autoregressive (VAR) test and Granger causality test. Time series data required to be stationary so to check whether the collected data are stationary or not unit root test has been applied Augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) test. The study finds that there is strong negative correlation exists between them and the casual relation are found between them.
Prateek Kumar Bansal, Dr. PV Rao. A study on impact of FIIs and DIIs on the Indian stock market NSE Nifty. International Journal of Commerce and Management Research, Volume 4, Issue 3, 2018, Pages 67-70